Insurance storage or at home

[Orion]

Is it generally less or more expensive to store the trailer at home vs a storage lot?

[TURBS]

In my head wouldn't it be the same to store it at home as it would a storage lot?

Turbs

[l001952119]

Originally Posted by Orion

Is it generally less or more expensive to store the trailer at home vs a storage lot?

Contact your insurance agent. It may be more costly, due to the increased risk.

[keith_h]

The comprehensive for our trailer is based on storage location and was less expensive at our house.

[DaveSchwartz]

It does factor into the rating. When I added my RV to my policy, the questionnaire asked about the storage location. I assume that storage at home is a discount because you will be checking it much more frequently and generally far fewer people will have access.

[Orion]

Originally Posted by DaveSchwartz

It does factor into the rating. When I added my RV to my policy, the questionnaire asked about the storage location. I assume that storage at home is a discount because you will be checking it much more frequently and generally far fewer people will have access.

That was my thought so I wondered. I already have a message in to the agent.

[Damule]

Compare current policy to Good Sam. I have State Farm. RV coverage thru Good Sam was a better policy.

[Terier]

Originally Posted by Orion

Is it generally less or more expensive to store the trailer at home vs a storage lot?

In my case it didn't matter - the price was the same even if it was store inside a warehouse. It would be best to contact your insurance company directly.

[Orion]

Agent said same price


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[Terier]

Originally Posted by Orion

Agent said same price


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For me I was surprised there wasn't any difference between home, outside storage or warehouse. The warehouse was alarmed & secured too.

[Kaadk]

Originally Posted by DaveSchwartz

It does factor into the rating. When I added my RV to my policy, the questionnaire asked about the storage location. I assume that storage at home is a discount because you will be checking it much more frequently and generally far fewer people will have access.

Yep, that's pretty much it. They're looking at:

1) If it's at home, you're going to have an eye on it more than if it's at a lot.
2) At a lot more people have access than at your home.

So, in general, if there's a difference in rates (not everyone has them) then it should be higher in a storage lot.

That's the general case. In some cases, if you happen to live in a high crime area, it might actually be cheaper in a lot where it could be considered "more secure" than the current location.

[Orion]

[Damule]

Good Sam policy has replacement value for first 4 years. Then will stroke a check for what you paid for your RV. In order to get storage rate it has to be in storage for 30 days minimum.